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Category Archives: Regulatory News
Cloud Computing would Boost European Economy if Only Business and Regulators would Act
Roland Berger Strategy Consultants and SAP opine that Cloud Computing opens up new growth prospects for ITC industry in Europe – businesses and politicians need to act now: Both companies propose a five-point program to realize the benefits of the … Continue reading
Dutch Privacy Agency Persuades Google to Let Wi-Fi Owners Opt Out Of Database
Dutch privacy regulators got Google to agree to let people using Wi-Fi routers or mobile phones the option to keep their names and locations out of a company database simple by adding _nomap to the end of a router’s name. … Continue reading
Posted in Netherlands, Regulatory News
Tagged Dutch privacy regulators - Google opt out
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SEC: New Rules Make it Harder for Reverse Mergers to List
U.S. securities regulators approved strict new listing standards for reverse merger companies on Wednesday after a rash of accounting scandals. Under the new listing standards approved by the U.S. Securities and Exchange Commission, any company that becomes public through a … Continue reading
China’s Leadership Calls for Greater Transparency and Sharing of Credit information Across the Nation and Development of Credit Rating Agencies
China will strive to establish a social credit system nationwide to ensure sound and healthy social and economic development, China’s State Council, or Cabinet, said according China Daily (October 20th 2011). China needs to create an honest and faithful society … Continue reading
Australia: Credit Reporting Reforms Supported by Senate Committee
BIIA member Veda urged the Federal Government to act swiftly to finalise new credit reporting legislation after a Senate Committee Report supported provisions of a draft exposure bill. Proposals for credit reporting reform were first recommended in 2008 by the … Continue reading
Alibaba Sets its Sights on Yahoo – Raises Privacy Concerns in the US
It takes two to tango, however for Alibaba and Yahoo it never worked out. It was always a troubled relationship. Alibaba’s Founder and CEO Jack Ma is now trying a new tack by putting together a consortium to buy Yahoo. … Continue reading
Malaysia Adopts Personal Data Protection Act
Malaysia has adopted the Personal Data Protection Act 2010, which regulates the processing of personal data concerning individuals. While this sounds like the European Data Protection Directive, the Malaysian data protection act only applies to personal data which is involved … Continue reading
Brazil Takes a Positive Step Forward in Data Sharing
Although the use of positive bureau data for credit decisions is quite new in Latin America, it’s gaining increased visibility. In Brazil, a bill creating a positive bureau was signed by president Dilma Rousseff just months ago, after an eight-year … Continue reading
CRIF / EFMA European Survey Examines Strategies on Responsible Lending
CRIF and EFMA conducted a survey which examines the strategies put in place over the last year by lenders in 16 European countries in reaction to the economic crisis, to counteract over indebtedness among retail customers, and pursue an approach … Continue reading
European Data Protection: ACCIS Responds to Consultation of the EU Commission’s Comprehensive Approach to the Protection of Personal Data
The Association of Consumer Credit Information Suppliers (ACCIS) has responded to the Consultation on the Commissionʹs comprehensive approach on personal data protection in the European Union. The ACCIS response focuses on those questions that ACCIS believes are relevant to the industry. The … Continue reading
People’s Bank of China issues 27 E-payment Licenses
The People’s Bank of China issued electronic payment licenses to 27 qualified third-party payment platforms in China on May 26th 2011 Alipay.com Co Ltd (Alibaba Group); Tenpay.com (Tencent Holdings Ltd) and Shanpay (Shanda Interactive Entertainment Ltd) were the three most … Continue reading